StockNews.com Initiates Coverage on Professional Diversity Network (NASDAQ:IPDN)

Equities research analysts at StockNews.com assumed coverage on shares of Professional Diversity Network (NASDAQ:IPDN) in a research note issued on Saturday. The brokerage set a “sell” rating on the information services provider’s stock.

Professional Diversity Network Stock Up 5.2 %

IPDN opened at $1.83 on Friday. The company has a market capitalization of $20.96 million, a price-to-earnings ratio of -4.36 and a beta of 12.79. The firm has a 50-day moving average price of $1.84 and a 200-day moving average price of $1.93. Professional Diversity Network has a twelve month low of $1.07 and a twelve month high of $5.50.

Professional Diversity Network (NASDAQ:IPDN) last posted its earnings results on Friday, March 29th. The information services provider reported ($0.05) earnings per share for the quarter. The business had revenue of $1.96 million during the quarter. Professional Diversity Network had a negative return on equity of 192.68% and a negative net margin of 56.47%.

Professional Diversity Network Company Profile

Professional Diversity Network, Inc operates online professional networking communities with career resources in the United States. It operates through three segments: Professional Diversity Network (PDN Network), National Association of Professional Women (NAPW Network), and RemoteMore USA (RemoteMore).